Lendlease Group and the Canada Pension Plan Investment Board sold a 904-home portfolio to Greystar Real Estate Partners. The assets include four buildings completed between 2021 and 2024 at London's Elephant Park.
The transaction will generate approximately A$260 million in cash proceeds for Lendlease. Lendlease expects to finalize the divestment by the end of June 2026.
The sale price aligns with the portfolio's current book value. This move executes the company's strategy to recycle capital from stabilized projects.